Data provider MarketNsight said the year-over-year increase stemmed from higher interest rates that have kept existing homeowners from selling. 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     

Toll Brothers has already sold nine of the 33 condos being developed at Park 108. 

The mixed-use development is going up adjacent to MARTA’s Dunwoody station in the Central Perimeter. 

The 300-unit development, Prose Concord, was acquired with a $45 million loan. 

Greg Power and Mike Handza served as executive vice president and vice president at Terwilliger Pappas, respectively. 

The Ashton Woods development, Laurelwood, has 185 lots. 

Celadon on Club has numerous features designed to reflect the history of the Northwood Country Club, which closed in 2019. 

The tower, which will have 327 class AA+ apartments, is the third phase of Star Metals District, the $1.5 billion mixed-use, urban-renewal project on Atlanta’s Westside.

Courtyards at Traditions will offer 42 ranch homes priced from the $500,000s. 

The supply of new homes for sale ticked lower from February, according to government figures.

The 220-home build-to-rent community is the first development project between Resmark Companies and Eastwood Homes. 

The 33 residences will be priced from the upper $500,000s. 

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

The master-planned communities will bring almost 400 new homes to Duluth, Johns Creek and Cumming. 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.